1476 N Mangonia Dr · West Palm Beach, FL 33401

$525,900

3 bd · 2.5 ba · 1,855 sqft · SingleFamily public records · 24 Days on market

Built 1978 8,881 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.1/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.9/10.0
• Rent growth +3.8/5.0
• 1% rule +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully remodeled 3 bedroom 2.5-bathroom Ranch Style home is being offered with upgraded appliances, water heater, air conditioning and much more! From the brand new ceramic tiling throughout, to the split bedroom floor plan. The home is ready to move in with hurricane impact windows and doors, in addition to a bonus work room currently used as a full-service salon with endless options. The spacious backyard has room for a pool and entertainment. 1476 N Mangonia Drive is the perfect family home. Centrally located minutes from Palm Beach International Airport, The Square, Palm Beach Outlet Mall, and miles of world renown beaches. This turnkey home is ready for you!

Key facts

• Spacious backyard
• Open-concept layout
• 8,881 sq ft lot

Tags

• OPEN-CONCEPT LAYOUT
• SPACIOUS BACKYARD
• EASY ACCESS TO AMENITIES

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Attached garage (1 covered space, 1 garage space)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Cable connected
• Home design: Single-family home; One story; Faces west; Updated/remodeled
• Construction: Concrete/CBS construction; Shingle roof; Slab foundation; Built/updated to a 1,919 total building area (owner source)
• Exterior features: Fruit trees; Room for a pool; Not waterfront

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Kitchen island; Split bedroom layout; Furnished negotiable
• Laundry & utility: Laundry closet with washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $526k.

Deal economics

• At list price, monthly cash flow is $-15 ($-178/yr) — negative.
• To cash-flow at today's rent, offer at most $523k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $450k (14.5% below list).
• Recommended offer: $450k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.8% in West Palm Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#75 in FL, #1,255 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, crime F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Roosevelt Elementary School (math 22% / reading 22%, grade F, #2,080 of 2,144 statewide, top 97%, 324 students, 86% FRL); Roosevelt Middle School (math 31% / reading 39%, grade F, #416 of 571 statewide, top 74%, 851 students, 80% FRL); Palm Beach Lakes High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 2,688 students, 70% FRL) — zoned schools average 79% FRL vs 52% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 50% district-wide (-23 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.2%/yr); 507 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $4,497/mo this rent would consume 79% of the median local household income ($68k/yr) (locally 2953% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($518k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $445k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $449,655 (14.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.12%
• DSCR: 0.99
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.15% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.48×
• Total profit: $-76,202
• Equity at exit: $78,413

10-year hold

• IRR: -2.3%
• Equity multiple: 0.83×
• Total profit: $-24,861
• Equity at exit: $45,470

Cash invested: $147,252 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33401

• Rents YoY: 5.2%
• Active inventory: 507
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $4,497 high
• Mortgage (P&I): −$2,758
• Tax from tax record: −$590 /mo · $7,081/yr
• Insurance: −$219
• HOA: −$0
• Vacancy / Maint / Mgmt: −$944
• Net cashflow: $-15

Break-even live

Break-even rent $4,515

Max offer price $523,277

Occupancy floor 95%

Sensitivity live

Price	-10% $283	-5% $134	+0% $-15	+5% $-164	+10% $-313
Rent	-10% $-370	-5% $-192	+0% $-15	+5% $163	+10% $340
Rate	-1.0pp $250	-0.5pp $119	base $-15	+0.5pp $-151	+1.0pp $-290

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $131,475
• Closing costs: $15,777
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Consulate Pl #1005 West Palm Beach, FL	2.0	2.0	1557	$4,900	$3.15	16d	1	0.45mi
1714 Consulate Pl #101 West Palm Beach, FL	3.0	3.0	1377	$3,000	$2.18	26d	1	0.53mi
1991 Presidential Way West Palm Beach, FL	3.0	2.0	1485	$4,905	$3.30	18d	1	0.67mi
1101 Grant St West Palm Beach, FL	4.0	2.0	1726	$2,995	$1.74	18d	1	0.77mi
2425 Presidential Way West Palm Beach, FL	2.0	2.0	1294	$4,500	$3.48	26d	1	0.77mi
1115 Windsor Ave West Palm Beach, FL	4.0	3.0	1377	$3,500	$2.54	20d	1	0.80mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	4d	1	0.89mi
2450 Presidential Way #7 West Palm Beach, FL	2.0	2.0	1855	$4,700	$2.53	26d	1	0.89mi
2450 Presidential Way #208 West Palm Beach, FL	3.0	3.0	2250	$3,900	$1.73	26d	1	0.89mi
2435 Presidential Way Unit G West Palm Beach, FL	3.0	2.5	2519	$6,500	$2.58	19d	1	0.89mi
500 Pacific Grove Dr #6 West Palm Beach, FL	4.0	3.5	2285	$3,795	$1.66	26d	1	0.91mi
500 Pacific Grove Dr #3 West Palm Beach, FL	4.0	3.5	2215	$3,800	$1.72	26d	1	0.91mi
2480 Presidential Way #1903 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	26d	1	0.92mi
2480 Presidential Way #902 West Palm Beach, FL	2.0	2.0	1855	$4,650	$2.51	7d	1	0.92mi
290 Courtney Lakes Cir West Palm Beach, FL	1.0–3.0	1.0–2.0	1069	$3,250	$3.04	21d	19	0.97mi
735 20th St West Palm Beach, FL	4.0	3.0	1767	$3,600	$2.04	9d	1	1.03mi
735 20th St West Palm Beach, FL	4.0	3.0	1767	$3,800	$2.15	26d	1	1.03mi
716 21st St West Palm Beach, FL	4.0	2.0	1560	$3,800	$2.44	7d	1	1.07mi
716 21st St West Palm Beach, FL	4.0	2.0	1560	$3,800	$2.44	19d	1	1.07mi
1979 Brandywine Rd Unit 1979-108 West Palm Beach, FL	3.0	2.0	1395	$3,205	$2.30	26d	1	1.08mi
565 Lilac Ct West Palm Beach, FL	3.0	2.0	1250	$3,000	$2.40	19d	1	1.13mi
2929 Gin Berry Way West Palm Beach, FL	3.0	3.5	2555	$9,500	$3.72	26d	1	1.17mi
2938 Gin Berry Way West Palm Beach, FL	3.0	3.5	2482	$8,500	$3.42	26d	1	1.19mi
300 S Australian Ave West Palm Beach, FL	2.0	2.0	1245	$3,250	$2.61	1d	1	1.31mi
300 S Australian Ave West Palm Beach, FL	3.0	2.0	1377	$6,000	$4.36	26d	1	1.31mi
300 S Australian Ave #1418 West Palm Beach, FL	2.0	2.0	1225	$7,000	$5.71	1d	1	1.31mi
300 S Australian Ave #125 West Palm Beach, FL	2.0	2.5	1871	$7,000	$3.74	12d	1	1.31mi
1805 N Flagler Dr #107 West Palm Beach, FL	3.0	2.0	1237	$2,995	$2.42	5d	1	1.38mi
2055 Regents Blvd West Palm Beach, FL	3.0	3.0	2166	$6,900	$3.19	26d	1	1.39mi
1551 N Flagler Dr Unit (Annual/Seasonal) Uph 11 West Palm Beach, FL	2.0	2.0	1625	$6,000	$3.69	16d	1	1.46mi
1617 N Flagler Dr Unit 9B West Palm Beach, FL	2.0	2.5	1817	$8,900	$4.90	15d	1	1.48mi
411 26th St West Palm Beach, FL	3.0	3.5	1847	$6,900	$3.74	9d	1	1.48mi
411 26th St West Palm Beach, FL	4.0	3.5	1847	$6,900	$3.74	26d	1	1.48mi

Listing history 26 events

1. 2026-06-21
   days on market $525,900 Active 24 DOM
2. 2026-06-18
   days on market $525,900 Active 21 DOM
3. 2026-06-17
   days on market $525,900 Active 20 DOM
4. 2026-06-16
   days on market $525,900 Active 19 DOM
5. 2026-06-15
   days on market $525,900 Active 18 DOM
6. 2026-06-13
   days on market $525,900 Active 16 DOM
7. 2026-06-09
   days on market $525,900 Active 12 DOM
8. 2026-06-08
   days on market $525,900 Active 11 DOM
9. 2026-06-07
   days on market $525,900 Active 10 DOM
10. 2026-06-04
    days on market $525,900 Active 7 DOM
11. 2026-06-03
    days on market $525,900 Active 6 DOM
12. 2026-06-02
    days on market $525,900 Active 5 DOM
13. 2026-06-01
    days on market $525,900 Active 4 DOM
14. 2026-05-31
    pricedays on market $525,900 Active 3 DOM
15. 2026-05-28
    listed $550,000 Active
16. 2026-01-20
    historical
17. 2025-12-15
    listed $550,000 Active
18. 2023-08-31
    historical $3,400
19. 2023-08-29
    historical $3,400
20. 2023-08-29
    listed $3,400
21. 2023-07-13
    listed $3,400
22. 2023-05-04
    soldstatus $445,000
23. 2023-05-01
    soldstatus $445,000 Closed 681-char remark

    Show marketing remark (681 chars)

    This beautifully remodeled 3 bedroom 2.5-bathroom Ranch Style home is being offered with upgraded appliances, water heater, air conditioning and much more! From the brand new ceramic tiling throughout, to the split bedroom floor plan. The home is ready to move in with hurricane impact windows and doors, in addition to a bonus work room currently used as a full-service salon with endless options. The spacious backyard has room for a pool and entertainment. 1476 N Mangonia Drive is the perfect family home. Centrally located minutes from Palm Beach International Airport, The Square, Palm Beach Outlet Mall, and miles of world renown beaches. This turnkey home is ready for you!

24. 2023-03-27
    historical Active Under Contract 681-char remark

    Show marketing remark (681 chars)

    This beautifully remodeled 3 bedroom 2.5-bathroom Ranch Style home is being offered with upgraded appliances, water heater, air conditioning and much more! From the brand new ceramic tiling throughout, to the split bedroom floor plan. The home is ready to move in with hurricane impact windows and doors, in addition to a bonus work room currently used as a full-service salon with endless options. The spacious backyard has room for a pool and entertainment. 1476 N Mangonia Drive is the perfect family home. Centrally located minutes from Palm Beach International Airport, The Square, Palm Beach Outlet Mall, and miles of world renown beaches. This turnkey home is ready for you!

25. 2023-03-08
    listed $445,000 Active 681-char remark

    Show marketing remark (681 chars)

    This beautifully remodeled 3 bedroom 2.5-bathroom Ranch Style home is being offered with upgraded appliances, water heater, air conditioning and much more! From the brand new ceramic tiling throughout, to the split bedroom floor plan. The home is ready to move in with hurricane impact windows and doors, in addition to a bonus work room currently used as a full-service salon with endless options. The spacious backyard has room for a pool and entertainment. 1476 N Mangonia Drive is the perfect family home. Centrally located minutes from Palm Beach International Airport, The Square, Palm Beach Outlet Mall, and miles of world renown beaches. This turnkey home is ready for you!

26. 2017-01-10
    soldstatus $150,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $7,081 · $590/mo
• Projected year-2 tax: $7,081 · $590/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $53,959
• − Mortgage interest: −$29,459
• − Property taxes: −$7,081
• − Insurance: −$2,630
• − Repairs & maintenance: −$4,317
• − Management: −$4,317
• − Depreciation: −$15,299
• Taxable loss: −$9,143
• Est. tax savings @ 24.0%: +$2,194
• After-tax cash flow: $2,016/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — West Palm Beach

• Score: 82/100
• State rank: #75
• US rank: #1255

Category grades

Amenities A- Commute A+ Cost of living B- Crime F Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,698
• Household income: $67,967
• Rent vs Own: 62.5% rent · 37.5% own
• Severe rent burden: 2953.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 43% Black 32% Hispanic / Latino 17% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3%
• Common ancestry: Hispanic 6% Slovak 2% Romanian 2%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 13% French/Haitian/Cajun 7% Other Asian/Pacific 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -324.96%
• Current HPI: 367.0978
• Rent YoY: ▲ 5.15%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+266.7% since first listed

12 events — show timeline

• 2026-05-28 Listed $550,000 Beaches MLS
• 2026-01-20 Listing Removed — Beaches MLS
• 2025-12-15 Listed $550,000 Beaches MLS
• 2023-08-31 Rental Removed $3,400 APPFOLIO
• 2023-08-29 Rental Removed $3,400 RMLSFL
• 2023-08-29 Listed for Rent $3,400 APPFOLIO
• 2023-07-13 Listed for Rent $3,400 RMLSFL
• 2023-05-04 Sold (Public Records) $445,000 Public Records
• 2023-05-01 Sold (MLS) $445,000 Beaches MLS
• 2023-03-27 Contingent — Beaches MLS
• 2023-03-08 Listed $445,000 Beaches MLS
• 2017-01-10 Sold (Public Records) $150,000 Public Records

Property tax history

+14.9%/yr

Latest (2025): $7,081 · -4.2% YoY. Source: county tax records.